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20121112
20121120
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Search Results 0 to 10 of about 11 (some duplicates have been removed)
directly at odds with house speaker john boehner. >> could you accept a deal that does not include tax rate increases for the wealthy? we've seen talk about a possible compromise that could leave rates the same but cap deductions for high-income earners. is that something that's acceptable? >> no. >> not at all no, way? >> no. the preponderance made it very clear in his campaign that there are not enough -- what you just described is a formula and a blueprint for hampering our future. you cannot go forward -- you have to cut some investments. if you cut too many you are hampering growth, you're hampering education, investments for the future. >> and even thousands of miles away it appears president obama is still focused on those negotiations. while touring a royal monastery with secretary of state clinton in thailand the president was overheard mentioning the budget talks to a monk. the president later clarified his comments -- >> he's not any monk. >> no. >> he has some big i vestments in the stock market. >> he later clarified his comments at a news conference. >> yes, we were working on
to avoid tax hikes and spending cuts. john boehner is asking to outline a plan and get fellow republicans on board. ryan will likely be under the most pressure to back away from his conservative politics. his run for vp no doubt brought him some new-found respect and political clout amongst his colleagues. they say they will confident they will be able to reach some sort of a deal by the engineer of the deal, they need to be at an impasse when it comes to taxes. they said any deal to reduce the deficit should come through pro-gross reforms. that means things like lowers rates, and closing loopholes. >> just to close loopholes is far too little money, and they have said they weren't it to be revenue neutral. the president has been very clear, that the higher-income people have to pay their fair share. >> that means no deal from the democrats if republicans will not agree to raise taxes on the wealthy, but pelosi says she is optimistic. more john coming up after the break. stay with us. ♪ created ad message for little caesars who proudly salutes unites
of avoiding the fiscal cliff. he'll meet with harry reid, mitch mcconnell, john boehner and nancy pelosi at quarter after 10:00 eastern time. mcconnell says republicans won't raise tax rates. the white house says the president won't sign an extension of tax cuts for top earners. chinese officials including the country's vice minister are sounding alarm bells with external risks to growth. they hope the uts will come to an agreement on tax issues or warns the country could face a slide into deep recession. eunice yoom is taking a closer look at the relationship between the two economic super powers and how they're likely to proceed. >> she's sitting down to her regular taste of americana. she and her co-workers dine out at their favorite fast food joint from the west twice a week, exactly the kind of middle income chinese american companies hope will drive their future growth. >> translator: we're used to eating rice, she says. it's convenient and nice to have fast food once in a while and have a change. american companies are hoping gnaw leadership will make it easier to sell to chinese
of congress. republicans john boehner and mitch mcconnell and democrats nancy pelosi and harry reid. >> we had a very constructive meeting with the president to talk about america's fiscal problem. >> we all know something has to be done. >> it was good. i feel confident that a solution may be in sight. >> we're prepared to put revenue on the table, provided we fix the real problem. >> tax hikes and spending cuts could go into effect simultaneously if no deal is reached on the fiscal cliff by the end of the year, both sides have said they are willing to compromise. house speaker boehner says republicans realize that neither side will get everything it wants. >>> exactly one week after he abruptly resigned as head of the cia, david petraeus was back on capitol hill. he met yesterday behind closed doors to brief lawmakers on the september 11th attack on the u.s. consulate in benghazi. according to lawmakers who were there, petraeus now says the attack was an act of terrorism and not the result of a spontaneous anti-western demonstration as initially reported. four americans died in the benghazi
. >>> if the fiscal cliff negotiations seem familiar, we've seen the movie before. president obama and speaker boehner were unable to reach a debt deal in 2001. one of the by-products of the inaction was a downgrade of the country's credit rating. could this happen again? and what would it mean for the nation's financial standing across the globe? joining me is jared bernstein, senior fellow at the center for budget policies and priorities. good to see you again, when it comes to the credit rating, we've seen it happen before. all three credit rating agencies are saying you've got to put a deal together in washington, if you guys in washington don't get it done, we're going to downgrade your credit. >> we've seen this movie before. it's not a good movie. i will remind viewers that the last time standard and poors did take us down a notch, it actually didn't hurt our ability to finance our debt at all. so that was kind of blown off by the markets, but this time could be different. there's one interesting wrinkle here. i do believe that if the political discourse, which is actually sounding a little bet
and engage. i would be much happier if he was spending his time on the weekend talking to john boehner, majority leader reid, minority leader nancy policy. lou: isis and the president would interrupt the congressional thanksgiving holiday just because of a national crisis? >> we need a deal quickly. listing the business community confidence decline. this makes it worse, in those circumstances it is hard to imagine the household sector will remain strong. it has hung in there so far but we will not get real growth with negative investments. this deal has to get settled quickly in my view. lou: it was striking treasury secretary timothy geithner chose now is the time to talk about the importance of lifting through infinity but that feeling that is imposed by congress. i cannot believe the treasury secretary facing all of the issues that we do as a nation and its economy, the fiscal cliff would choose now to talk about the debt ceiling, for crying out loud. >> we have the fiscal cliff and there is a debt ceiling, that does not have to come up in february or march. we have a big debt probl
hubbard, what boehner said, and i take from this collection some optimism in 20 # 13 the way it might play out is whether we go over or don't go over the fiscal cliff, you know, there's a lot to happen in the next three months, that we get to some space where if they did a trillion dollars of cuts and reforms to entitlements, a frl on discretionary, a trillion in new revenue, a trillion in saved interest only because the budget doesn't understand net present value, but that's okay, but if you did that, there's a grand bargain in a way that would be, i think, a pretty good accomplishment for both parties. i think that the principle thing in that is is can you gent a significant chunk of republicans in the house to support anything that has a trillion dollars of revenue in it. >> you think they reach a bargain, move quickly over the cliff. what happens to get to the bargain? >> yeah, sorry, i thought that's what you were asking. >> yeah. >> i'm pessimistic they will be able to sort out that bargain in the next two months so i'm afraid there's -- i think a serious danger, they go over the fis
the microphone with pelosi and with reid and boehner at the side saying that revenue is on the table, but when the talks ramp back up after thanksgiving, is this an issue to be real negotiation or dig-in time? >> i hope it is time for a negotiation. look, if there is one thing that we learned from the president's campaign, he promised to raise taxes on the wealthy. and here is a news flash to the republicans out there, elections have consequences, and that is what he wants to do, and i'm sure he is going to accomplish some of that, but on either side when you dig in before the negotiations start, not only does it look bad, it makes the markets go up and down, and it creates instability, and insecurity among the people out here in the country feeling the pain and the brunt of some of the economic policies and the fact of the matter is that both sides need to come into it with some level of give and take, and that is how you govern and get it done, and if the president is going to ak kccomplish the polis that he did in first term that he promised in the second, he is going to have to get some of
the bottleneck now. um, you probably saw the article this morning from hubbard, you saw what boehner said. i take from this collection some optimism that in 2013 the way it might play out is whether we go over, don't go over the fiscal cliff, you know, there's a lot to happen in the next three months that we get to some space where if they did a trillion dollars of cuts and reforms of entitlements, a trillion dollars on discretionary, a trillion of new revenue and a trillion of saved interest which is only because the budget doesn't understand the present value, but, you know, that's okay, if you did that, you basically could sort out a grand bargain in a way that would be, i think, a pretty good accomplishment for both parties. but i think the principal thing in that is can you get a significant chunk of republicans in the house to support anything that's got a trillion dollars of revenue in it. >> so you think they reach a bargain. you kind of moved quickly over the cliff, what happens to get to that bargain? >> yeah, sorry, i thought that's what you were asking is. i'm somewhat pessimistic the
, speaker boehner had pushed at the urging of many of us and invited prime minister netanyahu and gave the best speech here in congress. it helps when a nation's enemy sees an ally siding with them. on the other hand, when a nation's enemy sees a strong ally, the united states, turning on an ally as this administration had with president mubarak and people wanting to see israel gone from the map, take power. it encourages israel's enemies. this administration also had relations with gaddafi. he had blood on his hands from prior years. not a good man. but he had opened up his country, aban dopped any nuclear weapons pursuits -- abandoned any nuclear weapons pursuits and became an ally. i have seen individual family members of gaddafi here in washington to meet with administration officials and lo and be hold, year and a half or so ago, this administration sides with the enemies and at the time, we knew al qaeda was contained within the revolt and we sided with the al qaeda-backed revolt to drive out gaddafi. that appears to have inspired the violence in tunisia. so we have seen israel's
Search Results 0 to 10 of about 11 (some duplicates have been removed)